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Category: Risk Management
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
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Workers’ Comp: The First 24 Hours After an Injury
June 2, 2019
The moment an injury occurs, it initiates a sequence of events that can last for weeks or even months. But no matter how prolonged the recovery period, the first 24 hours after an injury are the most crucial. To respond effectively to an incident, the majority of the action items should occur within 24 hours.…
Read MorePreparing a Business for Disaster
May 5, 2019
Disasters can occur at any time and completely interrupt a business’s progress, potentially causing significant setbacks that threaten the health of the organization. Although disasters are often unpredictable, it is possible for businesses to prepare themselves for disaster scenarios to minimize damage. By following these simple steps, businesses can improve their chances for a quick…
Read MoreFive Strategies for Reducing Workers’ Compensation Costs
April 21, 2019
When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at…
Read MoreImproving Security and Disaster Response
April 15, 2019
On any given day, it’s possible to see warnings from the U.S. Department of Homeland Security regarding potential threats to our safety. Though it may seem like an unlikely risk, it is also a large one, as you can’t predict what impact terrorism could have on your company. In addition, criminal activity and natural disasters…
Read MoreCyber Insurance in the Trucking Industry
March 21, 2019
Motor carriers may not seem like a high-priority for hackers, but the reality is that the transportation industry is one of the most frequent targets for cyber attacks. Customer data, supply chain logistics, data lists and product data can be extremely valuable. Additionally, motor carriers and individual drivers can be put at greater risk because…
Read MoreProtecting Technology with Cyber Insurance
January 30, 2018
Technology has some obvious benefits. The computers in our pockets provide instant access to entertainment, information and work anytime we feel the urge; the applications we use everyday make it easier for us to get work done, manage our social lives and take care of our families; and social networks connect us to the people…
Read MoreHackers’ Billion-dollar Bank Heist Foiled by Type
April 6, 2016
An unknown group of hackers nearly stole $1 billion from the Bangladesh central bank in a cyber heist in February. Though the cyber thieves were discovered, they stole about $80 million before being stopped. According to senior bank officials, the hackers somehow breached Bangladesh Bank’s systems and stole its credentials for payment transfers. The thieves…
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